You might be hearing a lot about the benefits of managing investments by connecting the accounting, operations and investor relations within real estate organisations in a single technology platform. It’s natural to wonder what the appeal of this approach is. In this blog, we will explore how an investment management solution can streamline accounting operations and build healthier investor relations as well as improve transparency, collaboration and communication.
Improving Transparency and Building Healthier Relationships
The end-to-end platform strategy stems from a growing realisation among investors and investment managers of the deficiencies of spreadsheets, inefficient communications and other outmoded tools. Entering data into multiple spreadsheets and relying on disparate investment, investors and accounting systems can be inefficient and error-prone for investment managers.
For their part, investors increasingly expect on-demand service and self-service access to key metrics, capital transactions, documents and reports. Technology that facilitates these operations has become widely available to investment manager service providers over the past several years – improving collaboration among investment participants and increasing investor confidence.
An all-in-one, cloud-based software platform centralises investment managers’ communications with existing and prospective investors, automating the management of capital call and distribution notices, and improving collaboration on investment opportunities. As well as enhancing transparency between owners and investors. Thus, as previously mentioned, leading to increased investor confidence, reduced risk and healthier relationships for all parties.
Boosting Investor Communication, Confidence and Collaboration
Single platforms also improve efficiencies for internal stakeholders, help streamline day-to-day tasks and reduce the risk of human errors. For example, asset managers who need a report can get it themselves from the centralised database without asking their finance teams. Therefore, centralised software can not only increase efficiencies but enhance collaborations.
Another added benefit comes in the form of a higher level of investor confidence with access to real-time data. Connected solutions that are equipped to authorise remote access have improved collaboration and communication between teams internally, making remote work more successful than most organisations anticipated. These tech platforms allow for business continuity in which investors feel connected to the organisation. Through automated capabilities, they can receive payments in a timely fashion and never lose visibility on the financial status of a company. Investors can also view property-level metrics and investment managers can communicate and share new investment opportunities through a secure portal, rather than email.
Simpler Investment Management with Yardi
Yardi Investment Manager is one example of how a technology platform can unite real estate investment activity. It provides a single source of truth for investor and investment information that eliminates the need for disparate systems and manual data transfers. Investment managers are empowered to give their investors timely access to portfolio and property metrics. Yardi Investment Manager also automates the subscription agreement process, making publishing reports and other documents easy through an online branded portal.
As Richard Gerritsen, senior director for Yardi, stated, “Yardi’s investment solutions catalyse growth and operational efficiency. By utilising a single connected platform, organisations can expand their operations, enhance their value proposition, improve communication and attract investors without any additional costs.”
He wraps up by expressing, “A streamlined investment management platform can create a high level of transparency and improved communication channels between investors and asset owners. Property technologies such as these are essential for organisations of all sizes to implement appropriate tools to increase investor confidence, ensure transparency and optimise operations.”
See how Yardi’s end-to-end investment management solution can help streamline and simplify complexities within your real estate operations through a cloud-based platform.